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...believed to be armed with three nuclear missiles and several torpedoes. U.S. intelligence officials were determined to examine the weapons and the codes aboard-without the knowledge of the Russians. The Glomar Explorer stationed itself over the sub and extended a length of pipe with giant claws on the end to pick up the wreck on the bottom. The barge was then submerged to a depth of about 100ft., where it was to cradle the salvaged sub. But there was a hitch. When the sub was halfway to the surface its damaged hull cracked in two. The after two-thirds...

Author: /time Magazine | Title: DEFENSE: Behind the Great Submarine Snatch | 12/6/1976 | See Source »

...charge now is James R. Tolbert III, a strapping (6 ft.) former football player who lights his pipe with a chrome-plate cigarette lighter engraved "June 26, 1972"-the day Four Seasons emerged from bankruptcy after two years of ax wielding. Tolbert fired many employees, slashing the ranks at the Oklahoma headquarters from 500 to 26. Unprofitable nursing centers were closed and sold off, and acquisitions were made in new fields: aluminum and packaging. During its most recent fiscal year the company earned $2.8 million on sales of $75 million. The Four Seasons name lives on, as a subsidiary...

Author: /time Magazine | Title: INVESTMENT: Rebirth of Some Fallen Angels | 11/29/1976 | See Source »

...admitted political neophyte, was a surprise winner of last September's Democratic primary. Ray, a small, chunky woman who lives with two dogs in a pre-fab home on an island, waged an energetic, 18-hour-a-day campaign on a skimpy budget to defeat the less colorful, pipe-smoking Spellman. As Governor, Ray is expected to pursue a generally conservative course, trimming the state budget and considering an income tax to replace other levies if the need arises. Predictably, she favors development of nuclear energy and revising upward the limits on the size of oil tankers on Puget...

Author: /time Magazine | Title: States: First Hurrahs | 11/15/1976 | See Source »

Dressed for the part, Ivor Richard, 44, Britain's Ambassador to the United Nations and currently chairman of the Rhodesian conference in Geneva, would make a splendidly old-fashioned John Bull. Burly, ebullient and pipe smoking, the bespectacled barrister is anything but timid-the description Nationalist Leader Joshua Nkomo applied to the British role in the negotiations. That much, at least, was made clear two days before the conference opened when Richard waded into what he called a "good verbal punch-up" with a member of an African nationalist delegation...

Author: /time Magazine | Title: The World: Ivor Richard: Man in the Middle | 11/15/1976 | See Source »

...mother ran a beauty parlor. He attended twelve schools by the time he was 15, and was thrown out of most of them. "I was into J.D.," says Stallone. "If I saw a housefly on the hood of a car, I'd stamp him out with an iron pipe. A very nice...

Author: /time Magazine | Title: Show Business: Italian Stallion | 11/15/1976 | See Source »

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